On September 24, 2019, Wealthsimple announced completion of its acquisition of Canadian tax software company, SimpleTax, which marks the financial technology company’s first move outside of saving and investing. The acquisition adds tax-filing capabilities to Wealthsimple’s portfolio, which includes an online investment platform, high interest savings account and a commission-free trading platform.
Wealthsimple is a Canadian online investment management service that builds a personal, low-cost portfolio and puts your money to work like the world’s smartest investors. Wealthsimple invests your money in a globally diversified portfolio of low-cost index funds, and their cutting-edge technology helps earn the best possible return, while optimizing your tax bill.
Osler, Hoskin & Harcourt LLP advised Wealthsimple with a team led by Chad Bayne, Justin Dharamdial and Jeremy Lin (Emerging and High Growth Companies) and Steven Dickie and Summer Danakas (Employment & Labour) and Dov Begun (Tax).